PAC: HRD Corp engaged in dubious real estate deals, high-risk investments | TheStarTV.com

PAC: HRD Corp engaged in dubious real estate deals, high-risk investments

Published on 4 Jul 2024 4:18:28 PM

The Public Accounts Committee (PAC) on Thursday (July 4) released its report on the efficiency of Human Resources Development Corporation (HRD Corp), saying that PAC had found weaknesses in the HRD Corp management, among them suspicious real estate deals and high-risk investments.

One of the suspicious real estate deals was the purchase of Menara Ikhlas for RM202.5mil in Feb 2021, where RM120mil was paid upfront as deposit to a company called Crystal Clear Technology.

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Keywords
news, hrd corp, human resources development, malaysia, pac, public accounts committee, mas ermieyati samsudin, wong shu qi, ali biju, management, real estate, purchase, weaknesses

The Public Accounts Committee (PAC) on Thursday (July 4) released its report on the efficiency of Human Resources Development Corporation (HRD Corp), saying that PAC had found weaknesses in the HRD Corp management, among them suspicious real estate deals and high-risk investments.

One of the suspicious real estate deals was the purchase of Menara Ikhlas for RM202.5mil in Feb 2021, where RM120mil was paid upfront as deposit to a company called Crystal Clear Technology.

Read more at https://shorturl.at/7fGmS

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
news, hrd corp, human resources development, malaysia, pac, public accounts committee, mas ermieyati samsudin, wong shu qi, ali biju, management, real estate, purchase, weaknesses

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